NBS New BitShares

New BitShares (NBS) is an open-source blockchain project focused on decentralized finance and decentralized exchange functionality. Operating as a Layer 1 network, NBS employs a Delegated Proof of Stake consensus mechanism and is structured around a Decentralized Autonomous Organization governance model, allowing token holders and elected delegates to participate in decision-making processes. The platform is built on Graphene technology, a blockchain framework recognized for its high throughput and efficiency, which is also used by other notable distributed ledger projects. This technical foundation supports NBS's goal of providing infrastructure for DeFi applications and peer-to-peer trading without relying on centralized intermediaries. As both a Layer 1 network and a governance-oriented token, NBS combines protocol-level operations with on-chain organizational management. The token itself functions within this ecosystem, supporting the DAO structure that governs protocol upgrades, parameter adjustments, and other administrative actions. By integrating exchange capabilities directly into its base layer alongside a delegate-based consensus system, NBS positions itself as a self-contained environment for decentralized financial activity and community-led protocol stewardship.